e Period 4/1/12 to 4/30/12 Trade Date Type Est. Settle Date Selection Method Description Pending Sales, Maturities, Redemptions Sale 4/27 5/2 MFA FINANCIAL INC PFD 896 (ID: 55272X-30-0) Total Pending Sales, Maturities, Redemptions Quantity (9,905.000) Per Unit Amount 24.90 Proceeds 246,140.65 $578,579.3

FIFO ARES COMMERCIAL REAL ESTATE @ 18.00 56,700.00 BROKERAGE 157.50 TAX &/OR SEC 1.28 J.P. MORGAN SECURITIES LLC (ID: 04013V-10-8) EFTA01539721 MFA FINANCIAL INC PFD 8% @ 24.91739 276,458.44 BROKERAGE 554.75 TAX &/OR SEC 6.20 J.P. MORGAN SECURITIES LLC (ID: 55272X-30-0) MFA FINANCIAL INC PFD 8% @ 24.9007 246,64

te 4/17 4/22 S indicates Short Term Realized Gain/Loss Type Selection Method Description Settled Sales/Maturities/Redemptions Sale High Cost MFA FINANCIAL INC PFD 7.5% @ 25.10 803,200.00 BROKERAGE 1,280.00 TAX &/OR SEC 18.00 J.P. MORGAN SECURITIES LLC (ID: 55272X-40-9) Quantity (32,000.000) Per Unit Amoun